Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.013%

Price spread now: Extended against Binance−0.112%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$170.169% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 7 days+0.070%+$7 · spread now −0.112%, 7d avg −0.073%

Together, before fees+0.117%+ Points / potential airdropExtended: Active · farm board+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Extended is 0.039% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.073%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAGUSDT	66.180	0.0212	pay 0.0106% / 4h	22m 10s	$192.5M	$701.3M	100x
Short	Extended XAG-USD	66.106	0.0032	get 0.0004% / 1h	22m 10s	$5.2M	$11.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee ExtendedbpOrdersPrice spread, now −0.112%Rate

Funding earned: −$37.86
Price spread: −0.112% → −0.073%: −$3.85
Slippage, 4 orders: −$1.94
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$58.66
Costs to cover: 0.169%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Extended: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 7 min ago	0.76 bp	5.8 bp −$6	5.8 bp −$58	8.3 bp −$828	22.4 bp −$11.2K
Sell Extended live order book, 2 min ago	0.08 bp	2.9 bp −$3	4.0 bp −$40	10.8 bp −$1,083	doesn't fit

XAG on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX XAG-USD	0.0000%	1h	66.141	−0.059%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.190	+0.015%	$150.2M	$163.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.190	+0.015%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.210	+0.046%	$1.0M	$971K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.190	+0.015%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.106	−0.112%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.158	−0.033%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USDshort	+0.0032%	1h	66.106	−0.112%	$5.2M	$11.6M	10x
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.333%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.180	0.000%	$796K	$3.1M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.612	+0.653%	—	—	25x	as long as short
Ondo Perps XAG-USD.P	+0.0048%	1h	66.060	−0.181%	$5.7M	$9.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.142	−0.057%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.107	−0.110%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.170	−0.015%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.141	−0.059%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0070%	24h	66.147	−0.050%	$545K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.129	−0.077%	$471K	$622K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.150	−0.045%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.130	−0.075%	$113K	$30K	50x	as long as short
Hotstuff SILVER-PERP	+0.0104%	1h	66.165	−0.022%	$35K	$21K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0123%	1h	66.140	−0.060%	$165.9M	$74.1M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.181	+0.002%	$1.3M	$4.5M	20x	as long as short
Paradex XAG-USD-PERP	+0.0144%	8h	66.177	−0.004%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0145%	4h	66.172	−0.011%	$2.7M	$877K	100x	as long as short
BloFin XAG-USDT	+0.0161%	4h	66.220	+0.061%	$2.6M	$555K	100x	as long as short
Bybit XAGUSDT	+0.0165%	4h	66.190	+0.015%	$27.0M	$36.2M	150x	as long as short
Lighter XAG	+0.0184%	1h	66.164	−0.023%	$5.2M	$10.7M	25x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.169	−0.017%	$48K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.170	−0.015%	$1.8M	$1.0M	20x	as long as short
Nado XAG-PERP	+0.0201%	1h	66.140	−0.059%	$1.3M	$6.4M	10x	as long as short
Variational Omni XAG	+0.0208%	4h	66.193	+0.020%	$5.6M	$9.7M	—	as long as short
MEXC SILVER_USDT	+0.0212%	4h	66.180	0.000%	$110.0M	$152.7M	1000x	as long as short
Binance XAGUSDTlong	+0.0212%	4h	66.180	long leg	$192.5M	$701.3M	100x
Aftermath Perps XAGUSD	+0.0219%	1h	66.154	−0.039%	$80K	$37K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0232%	8h	66.170	−0.015%	$27.7M	$65.4M	50x	as long as short
edgeX XAGUSDC	+0.0234%	4h	66.167	−0.020%	$671K	$311K	30x	as long as short
Bitget XAGUSDT	+0.0258%	4h	66.180	0.000%	$23.8M	$45.3M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0280%	4h	66.200	+0.030%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0291%	1h	66.178	−0.003%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.160	−0.030%	$62K	$349K	20x	as long as short
Hibachi XAG/USDT-P	+0.0360%	1h	66.141	−0.059%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0382% / S −0.0422%	1h	66.185	+0.008%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.148	−0.047%	$913K	$678K	25x	as long as short